Credit market monthly review

Also Interesting

• Goldilocks won’t leave?
• Risk Premia: Seeking to Capitalize on Behavioral Biases
• The investment landscape in 2019

A December to remember sets up an interesting 2019

• December’s price action supports our constructive stance on credit spreads at the start of 2019.  
• Euro investment grade in particular has reached valuation levels last seen shortly after the eurozone crisis in mid‐2012.  
• Default rate forecasts have risen for a second month, but remain near historic lows.